Figure 5 Smoothed Components of the Late Arrivals Series Generated by STAMP,,,, ,Arrive Late,Smoothed Trend,Smoothed Seasonal Component,Smoothed Irregular Components Sep-87,22.91274,25.5771495,-4.413217197,1.7488077 Oct-87,19.60947,24.99838954,-3.288212977,-2.100706565 Nov-87,23.84278,25.11484887,-1.309606614,0.037537743 Dec-87,33.48978,25.21888525,5.249742257,3.021152489 Jan-88,30.64676,24.32308496,4.64730572,1.67636932 Feb-88,25.23977,22.87249786,2.370240333,-0.002968197 Mar-88,21.10317,21.42289308,1.138780981,-1.458504061 Apr-88,17.32967,20.45597358,-2.661935513,-0.464368069 May-88,18.03329,19.64273458,-2.947902721,1.338458137 Jun-88,15.61631,18.38653895,1.471812214,-4.242041166 Jul-88,18.45969,18.53422755,-0.152692852,0.078155299 Aug-88,17.04326,18.65605101,-0.104313632,-1.50847738 Sep-88,14.37269,19.2770982,-4.413217197,-0.491191003 Oct-88,16.59565,20.06070282,-3.288212977,-0.17683984 Nov-88,22.33825,20.90283177,-1.309606614,2.745024839 Dec-88,23.86316,20.83650725,5.249742257,-2.223089502 Jan-89,23.31793,21.50590408,4.64730572,-2.835279796 Feb-89,27.57885,23.11362386,2.370240333,2.094985806 Mar-89,30.38276,24.02801762,1.138780981,5.215961396 Apr-89,16.60511,23.21621268,-2.661935513,-3.949167168 May-89,20.53874,23.71136665,-2.947902721,-0.224723932 Jun-89,27.82352,24.28089199,1.471812214,2.070815798 Jul-89,23.12581,24.16509025,-0.152692852,-0.886587401 Aug-89,25.36865,24.34270059,-0.104313632,1.130263045 Sep-89,20.3863,24.14625551,-4.413217197,0.653261692 Oct-89,20.5397,23.73361644,-3.288212977,0.094296538 Nov-89,21.97807,23.28977036,-1.309606614,-0.002093747 Dec-89,29.80139,22.8466172,5.249742257,1.705030544 Jan-90,22.39621,21.83919193,4.64730572,-4.090287653 Feb-90,26.77955,22.18542876,2.370240333,2.223880903 Mar-90,23.45607,21.79568232,1.138780981,0.521606695 Apr-90,17.78644,21.23331252,-2.661935513,-0.784937007 May-90,19.1577,20.93071405,-2.947902721,1.174888672 Jun-90,19.93781,20.23929152,1.471812214,-1.773293729 Jul-90,18.9418,20.13473248,-0.152692852,-1.040239625 Aug-90,21.4632,20.37443601,-0.104313632,1.193077621 Sep-90,15.58588,20.21929593,-4.413217197,-0.220198735 Oct-90,17.5806,20.13702962,-3.288212977,0.731783354 Nov-90,15.42839,19.81258294,-1.309606614,-3.074586328 Dec-90,29.6969,20.50565662,5.249742257,3.941501121 Jan-91,26.16719,19.89430843,4.64730572,1.625575848 Feb-91,18.15044,18.74498331,2.370240333,-2.964783641 Mar-91,19.99399,18.57683985,1.138780981,0.278369171 Apr-91,16.62427,18.31657138,-2.661935513,0.969634137 May-91,16.49834,17.7354069,-2.947902721,1.710835826 Jun-91,14.71894,16.58804908,1.471812214,-3.340921293 Jul-91,15.50569,16.54635397,-0.152692852,-0.887971119 Aug-91,16.72981,16.79852887,-0.104313632,0.035594765 Sep-91,12.09603,17.03892384,-4.413217197,-0.529676639 Oct-91,16.60775,17.45461288,-3.288212977,2.441350097 Nov-91,17.28484,17.06234821,-1.309606614,1.532098401 Dec-91,20.04338,16.16304255,5.249742257,-1.369404804 Jan-92,18.60818,15.71693517,4.64730572,-1.756060894 Feb-92,16.5733,15.85198817,2.370240333,-1.6489285 Mar-92,19.09917,16.53274655,1.138780981,1.42764247 Apr-92,13.40281,16.74103315,-2.661935513,-0.676287634 May-92,13.44588,17.17313406,-2.947902721,-0.779351341 Jun-92,18.96266,17.86315776,1.471812214,-0.372309973 Jul-92,20.22239,18.67639575,-0.152692852,1.698687103 Aug-92,19.66137,18.92746097,-0.104313632,0.838222665 Sep-92,14.80782,18.90112021,-4.413217197,0.31991699 Oct-92,14.18532,18.76890437,-3.288212977,-1.295371396 Nov-92,17.31979,19.06538581,-1.309606614,-0.435989198 Dec-92,26.10514,19.50615589,5.249742257,1.34924185 Jan-93,22.37419,19.50040052,4.64730572,-1.77351624 Feb-93,23.14702,20.08158228,2.370240333,0.695197387 Mar-93,26.39383,20.43269163,1.138780981,4.822357391 Apr-93,17.08054,19.18786373,-2.661935513,0.554611784 May-93,12.89027,17.75948958,-2.947902721,-1.92131686 Jun-93,16.75369,16.96696651,1.471812214,-1.685088724 Jul-93,13.94117,16.73211589,-0.152692852,-2.638253038 Aug-93,15.87771,17.37038311,-0.104313632,-1.388359481 Sep-93,15.36926,18.46812159,-4.413217197,1.314355604 Oct-93,16.96058,19.13088006,-3.288212977,1.117912913 Nov-93,18.82447,19.42367034,-1.309606614,0.710406274 Dec-93,21.38893,19.48135489,5.249742257,-3.342167147 Jan-94,29.53374,20.64511446,4.64730572,4.241319823 Feb-94,26.16926,20.40522852,2.370240333,3.39379115 Mar-94,17.4361,19.04218283,1.138780981,-2.744863814 Apr-94,16.97289,18.58753734,-2.661935513,1.04728817 May-94,12.3694,17.7862966,-2.947902721,-2.468993875 Jun-94,18.23044,17.80215814,1.471812214,-1.043530357 Jul-94,20.5469,18.16337132,-0.152692852,2.536221536 Aug-94,16.24546,17.68523351,-0.104313632,-1.335459875 Sep-94,12.04843,17.64906007,-4.413217197,-1.187412872 Oct-94,14.07329,18.00585552,-3.288212977,-0.644352544 Nov-94,19.2489,18.57589652,-1.309606614,1.982610096 Dec-94,20.74818,18.48980172,5.249742257,-2.991363977 Jan-95,26.17259,19.39368522,4.64730572,2.131599055 Feb-95,21.09096,19.59212572,2.370240333,-0.87140605 Mar-95,20.70214,20.07895408,1.138780981,-0.51559506 Apr-95,18.69618,20.73641628,-2.661935513,0.621699232 May-95,19.32279,21.18812995,-2.947902721,1.082562772 Jun-95,24.0586,21.28157439,1.471812214,1.305213396 Jul-95,19.91882,20.9430644,-0.152692852,-0.871551543 Aug-95,20.14525,20.89299042,-0.104313632,-0.643426788 Sep-95,14.41548,21.05585561,-4.413217197,-2.227158416 Oct-95,17.90736,21.95578876,-3.288212977,-0.760215779 Nov-95,22.14985,23.10731185,-1.309606614,0.35214476 Dec-95,32.34025,24.14229424,5.249742257,2.948213499 Jan-96,37.33029,24.20157879,4.64730572,1.16288E-15 Feb-96,28.09632,24.26086333,2.370240333,1.465216341 Mar-96,24.06193,23.83524118,1.138780981,-0.912092165 Apr-96,19.81826,23.71147179,-2.661935513,-1.231276281 May-96,21.08157,23.99518769,-2.947902721,0.034285031 Jun-96,25.3321,24.26755711,1.471812214,-0.407269325 Jul-96,24.71486,24.67471046,-0.152692852,0.192842388 Aug-96,25.30987,25.01804351,-0.104313632,0.396140126 Sep-96,21.30936,25.23027577,-4.413217197,0.492301424 Oct-96,22.81499,25.27958312,-3.288212977,0.823619853 Nov-96,22.08565,25.05631723,-1.309606614,-1.661060616 Dec-96,33.37434,25.38277179,5.249742257,2.74182595 Jan-97,31.59371,24.80183153,4.64730572,2.144572753 Feb-97,24.78564,23.51115466,2.370240333,-1.095754994 Mar-97,21.90197,22.58311293,1.138780981,-1.819923908 Apr-97,20.15363,22.25736673,-2.661935513,0.558198779 May-97,16.84206,21.74688719,-2.947902721,-1.956924473 Jun-97,23.86491,21.88404291,1.471812214,0.509054879 Jul-97,22.50311,21.85272922,-0.152692852,0.803073627 Aug-97,21.43534,21.55564198,-0.104313632,-0.015988345 Sep-97,14.96903,21.263846,-4.413217197,-1.881598803 Oct-97,18.4526,21.59475659,-3.288212977,0.146056388 Nov-97,21.77757,21.87733048,-1.309606614,1.209846133 Dec-97,26.46439,21.7595113,5.249742257,-0.544863554 Jan-98,24.94751,21.82201223,4.64730572,-1.521807948 Feb-98,24.60783,22.38814858,2.370240333,-0.150558911 Mar-98,24.14842,23.00411172,1.138780981,0.005527303 Apr-98,20.87773,23.61824562,-2.661935513,-0.078580104 May-98,22.5176,24.25838525,-2.947902721,1.207117475 Jun-98,29.58356,24.49903484,1.471812214,3.612712949 Jul-98,21.14227,23.54407351,-0.152692852,-2.249110656 Aug-98,22.96688,23.33344512,-0.104313632,-0.26225149 Sep-98,21.06371,23.20960767,-4.413217197,2.267319524 Oct-98,18.25467,22.33541114,-3.288212977,-0.792528162 Nov-98,16.71439,21.7234982,-1.309606614,-3.699501582 Dec-98,26.78296,22.33591848,5.249742257,-0.802700734 Jan-99,32.33571,23.21398892,4.64730572,4.474415365 Feb-99,21.09442,22.61127194,2.370240333,-3.887092271 Mar-99,21.90998,23.29497047,1.138780981,-2.523771451 Apr-99,24.27056,24.81389969,-2.661935513,2.118595827 May-99,23.81475,25.63168925,-2.947902721,1.130963474 Jun-99,29.12348,26.07519159,1.471812214,1.576476196 Jul-99,28.93194,25.99696631,-0.152692852,3.087666545 Aug-99,23.88661,24.89689182,-0.104313632,-0.90596819 Sep-99,20.65286,24.09664339,-4.413217197,0.969433808 Oct-99,19.94025,22.97556525,-3.288212977,0.252897731 Nov-99,18.58512,21.77079175,-1.309606614,-1.876065136 Dec-99,22.00326,21.18689348,5.249742257,-4.433375735 Jan-00,26.25357,22.07020074,4.64730572,-0.463936463 Feb-00,25.23988,23.10704567,2.370240333,-0.237406003 Mar-00,23.01167,24.22245904,1.138780981,-2.349570017 Apr-00,24.63007,26.11545191,-2.661935513,1.176553601 May-00,25.74623,27.61906973,-2.947902721,1.075062996 Jun-00,33.66186,28.76690033,1.471812214,3.423147457 Jul-00,29.69471,28.78185585,-0.152692852,1.065547002 Aug-00,30.03586,28.44417344,-0.104313632,1.696000195 Sep-00,21.90383,27.54520747,-4.413217197,-1.228160275 Oct-00,23.92658,27.05269556,-3.288212977,0.162097413 Nov-00,27.37656,26.50653825,-1.309606614,2.179628359 Dec-00,37.59103,25.23904285,5.249742257,-2.66454E-15 Jan-01,24.76589,23.97154745,4.64730572,-3.85296317 Feb-01,27.33524,23.97917269,2.370240333,0.98582698 Mar-01,24.85218,23.66054297,1.138780981,0.052856051 Apr-01,20.80052,23.32442078,-2.661935513,0.138034733 May-01,18.59185,22.94261662,-2.947902721,-1.402863902 Jun-01,24.86393,23.0250839,1.471812214,0.367033891 Jul-01,21.94491,22.98608297,-0.152692852,-0.888480119 Aug-01,23.90744,23.2411205,-0.104313632,0.770633131 "Note: The first panel shows the observed series and the fitted trend, the second shows the seasonal component, and the third shows the irregular component.",,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,,